Big Internet, like other advanced industries like Big Auto, Big Aerospace, and Big Pharma, plays a key role in driving U.S. competitiveness, innovation, job creation, and economic growth. As such, policymakers should be careful to not cripple this engine of U.S. prosperity.

Just because DSTs may be attractive to individual countries doesn’t make them good policy. In fact, they are bad policy. A central goal of good tax policy should be to treat similar transactions the same way. DSTs violate this principle in a number of ways.

A World Economic Forum report—produced with extensive research contributions from ITIF—analyzes key barriers and challenges to cross-border payments and recommends how to overcome them to support global trade.

The COVID-induced isolation economy has demonstrated just how important broadband networks are for work, learning, and entertainment. But it has also highlighted important gaps, such as the rural divide and the “homework divide,” that government policy can play a role in filling.

In contrast to what critics might assert, now is not the time to undermine either the IP rights or reasonable pricing reimbursement approaches that have underpinned so much successful biomedical innovation, and which will be key to getting through this crisis.